MARKET PULSE-Spirit Aero, Skechers, Rubicon, Equal Energy, Actuate

Fri May 2, 2014 9:53am EDT
 
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(For more market insights, including options activity, click on ; for the Day Ahead newsletter link.reuters.com/mex49s; for the Morning News Call newsletter, link.reuters.com/nex49s) U.S. stocks opened mostly flat on Friday following a payroll report that was much better than expected. The Dow Jones industrial average was up 0.16 percent at 16,584.59, the S&P 500 was up 0.18 percent at 1,887.04 and the Nasdaq Composite was up 0.07 percent at 4,130.279.

** SKECHERS USA INC, $41.41, -1.33 pct

Sport shoes maker Skechers USA Inc SKX.N said on Friday it would explore buying a stake in the Los Angeles Clippers basketball team, whose owner is at the center of a controversy over alleged racist remarks.

** MERCK & CO INC, $58.91, -1.19 pct

** ENDOCYTE INC, $6.52, -62.49 pct

The companies said they had stopped a late-stage trial of their experimental ovarian cancer drug because it did not improve survival rates without the cancer worsening.

** LINKEDIN CORP, $155.07, -3.81 pct   Continued...